Up against the cap this offseason, the Falcons made three lower-level signings Sunday. They have also restructured a few contracts.
The Falcons restructured the deals of Matt Ryan, Jake Matthews and Allen Bailey, D. Orlando Ledbetter of the Atlanta Journal-Constitution notes. This marks an interesting move for Ryan, who restructured his deal at the end of last season. He was already set to have cap figures north of $39MM in 2021 and 2022.
Ryan was to comprise $24.1MM of Atlanta’s 2020 cap, while Matthews was to account for $16MM of it. Bailey’s two-year deal included a $5.9MM 2020 cap number.
The Falcons and Ryan agreed on a five-year, $150MM extension in May 2018. He is under contract through 2023. Prior to the revised figures from this latest restructure, Ryan’s 2023 cap number sat at $34MM. Signed to a five-year extension worth $72.5MM in July 2018, Matthews is also under contract through 2023. His next four cap numbers are north of $16MM, so it should be expected some of them will rise as a result of this adjustment.
Atlanta added Laquon Treadwell and offensive lineman Justin McCray on Sunday and also re-signed Blidi Wreh-Wilson. They added Todd Gurley on Friday and authorized a $16MM-AAV deal for Dante Fowler. Considering the Falcons’ minimal cap room, these Ryan and Matthews restructures were surely necessary to accommodate the Fowler pact. The Falcons also cut Desmond Trufant and Devonta Freeman to clear space.
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